't HOF: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
't HOF
NACE 90.312, Arts creation and performing arts activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€77,819
2024 · -€80,934+€3,114
Equity
-€309,831
2024 · -€232,012-€77,819
Cash
€2,137
2024 · €2,807-€670
Balance sheet total
€966,745
2024 · €1.0m-€83,062
Largest movements
Assets
- Tangible fixed assets -€77,474
down €77,474 (-7.5%), from €1.0m to €949,911
Equity and liabilities
- Profit (loss) carried forward -€77,819
down €77,819 (-25.9%), from -€300,837 to -€378,656
Income statement
- Gross operating margin +€6,552
up €6,552 (+1,096%), from €598 to €7,150
- Other operating charges +€3,074
up €3,074 (+44.3%), from €6,932 to €10,006
- Financial charges +€444
up €444 (+482%), from €92 to €536
- Write-downs -€99
down €99 (-3.4%), from -€2,947 to -€3,046
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€80,934
Gross operating margin
+€6,552
Depreciation
-€18
Write-downs
+€99
Other operating charges
-€3,074
Financial income
-€1
Financial charges
-€444
Result 2025
-€77,819
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€53
Investment
€0
Financing
-€617
Cash 2024
€2,807
From operations (derived)
-€53
Net result for the year
-€77,819
Depreciation
+€77,474
Stocks and contracts
+€2,160
Receivables within one year
+€2,818
Deferred charges and accrued income
-€61
Trade debts
-€4,328
Tax, wage and social debts
-€298
Financing
-€617
Debts after one year
-€617
Cash 2025
€2,137
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,049,807 | €966,745 | -€83,062 | -7.9% |
| Fixed assets | 21/28 | €1,027,385 | €949,911 | -€77,474 | -7.5% |
| Tangible fixed assets | 22/27 | €1,027,385 | €949,911 | -€77,474 | -7.5% |
| Land and buildings | 22 | €390,890 | €380,468 | -€10,422 | -2.7% |
| Plant, machinery and equipment | 23 | €2,368 | €1,043 | -€1,325 | -56.0% |
| Furniture and vehicles | 24 | €20,248 | €14,794 | -€5,454 | -26.9% |
| Leasing and similar rights | 25 | €435,871 | €404,729 | -€31,141 | -7.1% |
| Other tangible fixed assets | 26 | €178,008 | €148,876 | -€29,131 | -16.4% |
| Current assets | 29/58 | €22,423 | €16,835 | -€5,588 | -24.9% |
| Stocks and contracts in progress | 3 | €7,066 | €4,905 | -€2,160 | -30.6% |
| Stocks | 30/36 | €7,066 | €4,905 | -€2,160 | -30.6% |
| Amounts receivable within one year | 40/41 | €10,868 | €8,050 | -€2,818 | -25.9% |
| Trade receivables | 40 | €2,385 | €3,564 | +€1,178 | +49.4% |
| Other amounts receivable | 41 | €8,483 | €4,486 | -€3,996 | -47.1% |
| Cash at bank and in hand | 54/58 | €2,807 | €2,137 | -€670 | -23.9% |
| Deferred charges and accrued income | 490/1 | €1,682 | €1,742 | +€61 | +3.6% |
| Total equity and liabilities | 10/49 | €1,049,807 | €966,745 | -€83,062 | -7.9% |
| Equity | 10/15 | -€232,012 | -€309,831 | -€77,819 | -33.5% |
| Contributions | 10/11 | €63,213 | €63,213 | = | 0.0% |
| Capital | 10 | €63,213 | €63,213 | = | 0.0% |
| Issued capital | 100 | €63,213 | €63,213 | = | 0.0% |
| Reserves | 13 | €5,612 | €5,612 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,612 | €5,612 | = | 0.0% |
| Legal reserve | 130 | €5,612 | €5,612 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€300,837 | -€378,656 | -€77,819 | -25.9% |
| Amounts payable | 17/49 | €1,281,819 | €1,276,576 | -€5,243 | -0.4% |
| Amounts payable after more than one year | 17 | €1,275,290 | €1,274,673 | -€617 | 0.0% |
| Other amounts payable | 178/9 | €1,275,290 | €1,274,673 | -€617 | 0.0% |
| Amounts payable within one year | 42/48 | €6,529 | €1,903 | -€4,626 | -70.9% |
| Trade debts | 44 | €6,011 | €1,683 | -€4,328 | -72.0% |
| Suppliers | 440/4 | €6,011 | €1,683 | -€4,328 | -72.0% |
| Taxes, remuneration and social security | 45 | €518 | €221 | -€298 | -57.4% |
| Taxes | 450/3 | €518 | €221 | -€298 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,456 | €77,474 | +€18 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,947 | -€3,046 | -€99 | -3.4% |
| Other operating charges | 640/8 | €6,932 | €10,006 | +€3,074 | +44.3% |
| Gross operating margin | 9900 | €598 | €7,150 | +€6,552 | +1,096% |
| Operating profit (loss) | 9901 | -€80,843 | -€77,283 | +€3,560 | +4.4% |
| Financial income | 75/76B | €2 | €0 | -€1 | -88.8% |
| Recurring financial income | 75 | €2 | €0 | -€1 | -88.8% |
| Financial charges | 65/66B | €92 | €536 | +€444 | +482% |
| Recurring financial charges | 65 | €92 | €536 | +€444 | +482% |
| Profit (loss) for the period before taxes | 9903 | -€80,934 | -€77,819 | +€3,114 | +3.8% |
| Profit (loss) for the period | 9904 | -€80,934 | -€77,819 | +€3,114 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,934 | -€77,819 | +€3,114 | +3.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.